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Category > Accounting Posted 05 May 2017 My Price 5.00

Journalize the following long-term available-for-sale

 

Journalize the following long-term available-for-sale investment transactions of Cordant Communications. Explanations are not required.

a. Purchased 400 shares (8%) of Marcor Corporation common stock at $38 per share, with the intent of holding the stock for the indefinite future.

b. Received cash dividend of $1 per share on the Marcor investment.

c. At year-end, adjusted the investment account to current market value of $45 per share.

d. Sold the Marcor stock for the market price of $40 per share.

 

 

 
 

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Alpha Geek
(8)
Status NEW Posted 05 May 2017 02:05 PM My Price 5.00

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Attachments

file 1493994849-2060364_1_636295127873979997_Long-term-avaialble-for-sale-investments 1.xlsx preview (131 words )
20-----------603-----------64&-----------amp-----------;am-----------p;i-----------nfo-----------Id=-----------410-----------075-----------lon-----------g-t-----------erm----------- av-----------ail-----------abl-----------e-f-----------or------------sal-----------e i-----------nve-----------stm-----------ent----------- tr-----------ans-----------act-----------ion-----------s J-----------our-----------nal-----------ize----------- th-----------e f-----------oll-----------owi-----------ng -----------lon-----------g-t-----------erm----------- av-----------ail-----------abl-----------e-f-----------or------------sal-----------e i-----------nve-----------stm-----------ent----------- tr-----------ans-----------act-----------ion-----------s o-----------f C-----------ord-----------ant----------- Co-----------mmu-----------nic-----------ati-----------ons-----------. E-----------xpl-----------ana-----------tio-----------ns -----------are----------- no-----------t r-----------equ-----------ire-----------d.a-----------. P-----------urc-----------has-----------ed -----------400----------- sh-----------are-----------s (-----------8%)----------- of----------- Ma-----------rco-----------r C-----------orp-----------ora-----------tio-----------n c-----------omm-----------on -----------sto-----------ck -----------at -----------$38----------- pe-----------r s-----------har-----------e, -----------wit-----------h t-----------he -----------int-----------ent----------- of----------- ho-----------ldi-----------ng -----------the----------- st-----------ock----------- fo-----------r t-----------he -----------ind-----------efi-----------nit-----------e f-----------utu-----------re.-----------b. -----------Rec-----------eiv-----------ed -----------cas-----------h d-----------ivi-----------den-----------d o-----------f $-----------1 p-----------er -----------sha-----------re -----------on -----------the----------- Ma-----------rco-----------r i-----------nve-----------stm-----------ent-----------.c.-----------
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